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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (4029)	1/8/2014 9:54:07 AM
From: ogi	Read Replies (1) \| Respond to of 202736

Agree completely and I do not expect a full recovery to start until 2015. Billions and billions down the tube in recent years with few discoveries to show for it, mostly salaries and promo and there was little retail money involved. so now next to no retail and far less institutional.

To: Goose94 who wrote (4029)	1/8/2014 9:54:30 AM
From: Goose94	Read Replies (1) \| Respond to of 202736

This sums up what every junior resource exec is thinking: Message 29319605 Copper Reef's Thompson resigns, grumbles about market 2014-01-07 18:37 ET - News Release Mr. Stephen Masson reports COPPER REEF MINING CORPORATION ANNOUNCES EDWARD (ED) G. THOMPSON'S RESIGNATION Ed Thompson has departed as a director of Copper Reef Mining Corp. Mr. Thompson brought enormous strength, experience and depth to Copper Reef's board, and his wise counsel, no-nonsense approach and humour provided invaluable insight to the company's exploration ventures and prudent guidance as a public corporation. Mr. Thompson is resigning from the boards of all his junior public companies, in part in protest to the present conditions that have rendered almost 800 junior exploration companies essentially dead or in critical condition. Overregulation, the demise of the mid and small brokerage houses (squeezed out by the large bank-owned brokerage firms), the lack of or oblivious government support, the aboriginal blockage of timely permitting, overextended majors unable to help support or finance juniors, and mandated overhead costs that have gone through the roof have created a perfect storm for the junior explorers. Essentially there is little or no money out there for most junior exploration companies and this may be the new normal. The fact that regulators, be they government agencies doing the permitting, aboriginal groups, security commissions and/or stock exchanges, are either ignorant or oblivious of the impending consequences of the long-term effect of the essential death of Copper Reef's vibrant industry in Canada suggests that a recovery will be slow. Mr. Thompson, through his years of leadership at the PDAC, has been a strong advocate of Copper Reef's industry, and his departure as an acting director is a sign of a whole industry in deep trouble. On behalf of management and the board, Copper Reef wishes Mr. Thompson good health and happiness in his future endeavours and thanks him sincerely for his great service and personal friendship to the company and the industry.